Russia And China Join Forces To Bypass US Dollar In Global Markets, Shift To Gold Trade
The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.
The gold price has topped $1,700 as investors sought safe havens in response to the corona virus crisis, which has sparked fears of a global pandemic. A health catastrophe on this scale is unpreced
The Ancient market is adjusting to this new world-wide attention. As more and more demand flows in we see some issues up and some issues down. High-grade trade VERY infrequently and therefore it’s dif